Dogecoin (DOGE) is 27129.2× the size of Department Of Government Efficiency (DOGE) by market capitalisation. Their daily returns move closely together (correlation 0.71 across 39 shared trading days). DOGE has been the more volatile of the two, at 151% annualised against DOGE's 70%.
$0.000453
DOGEDOGE
0.71over 39 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | DOGE | DOGE |
|---|---|---|
| Max drawdown (400d) | -57.5% | -74.0% |
| Risk-adjusted return (90d) | -0.34 | 0.11 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed DOGE by 47.0% — measured on the DOGE/DOGE ratio, so it holds regardless of market direction.